Why PE firm Helios disposed of Telkom Kenya stake

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A subscriber holds a 4G Telkom SIM card. FILE PHOTO | NMG

The government’s decision to hive off property valued at Sh10 billion from Telkom Kenya’s balance sheet without the knowledge of Helios Investment Partners is one of the factors that prompted the private equity fund to initiate its exit from the struggling telecommunications firm in 2021.

Documents seen by Business Daily show that this was one of the two major developments that prompted the private equity fund to exercise its contractual right requiring the government to buy its stake.

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